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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #105,941
  • Aug 6, 2008 9:39pm Aug 6, 2008 9:39pm
Quoting markam
AIG Posts Third Straight Quarterly Loss on Housing

http://www.bloomberg.com/apps/news?p...d=aYGtmcjGfJG0

At some point, reality is going to set in, and you are going to be amazed at how quickly this house of cards called the global economy collapses.
agree I always tell when this country snees the hole world catches cold, excuse my english, the point is that they are trying to help the dollar with the media and the facts are going to expose the true soner or later, my 2 cents
The Chonchy
  • #105,942
  • Aug 6, 2008 9:43pm Aug 6, 2008 9:43pm
anyone else think this is gonna drop to 211.50 tomorrow?
  • #105,943
  • Aug 6, 2008 9:46pm Aug 6, 2008 9:46pm
Hi everyone,


http://www.forexfactory.com/images/editor/menupop.gifRetracement down to 1hr 100sma is expected
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  • #105,944
  • Aug 6, 2008 9:53pm Aug 6, 2008 9:53pm
Quoting birdt
That pdf is a very useful little check sheet but unless you have an in depth understanding of the Elliot Wave theory I doubt it will do anyone much good. Attempting to use concepts that you have investigated half-heartedly or are not completely familiar with will not work, and this will be reflected in poor results (and then the trader goes onto to the next theory etc.). If you are going to go down the Elliot Wave route (which is not a system I personally rely upon) then you need to make the investment of time and effort to familiarize yourself with the ins and outs of the theory.

I recommend Robert Balan - 'Elliot Wave Principle Applied to the Forex Markets' as a fairly complete introduction, which is available for free download for those talented enough to input the title with a couple of keywords into google, or you can download it from my ebook library here:

http://www.mediafire.com/?dmd15loymth

The Elliot Wave International website also offers some informative videos on trading with Wave theory and can be subscribed to for free.
of course, you can't expect to FIT all book in 1 PAGE ??? That''s why I said, here is a CHEAT SHEET, only for breaf check.(you can''t say that something is wrong here??) And Yes, it is a THEORY, but lot of traders are using. If anyone is interested in deep knowleadge about EW, there is a plenty of books, tapes and seminars.
You neeed only to ""google It"".
  • #105,945
  • Aug 6, 2008 9:54pm Aug 6, 2008 9:54pm
USD Bull run is due for a major correction
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  • #105,946
  • Aug 6, 2008 9:56pm Aug 6, 2008 9:56pm
Quoting arezab
Eulogy do you have a view how far this pair can fall? I'm expecting 0.8505 which is %61.8 fib retrace from 0.7674 up to the high on weekly chart.

What is your analysis for this ??
around 85.5-86 seems like a strong support. that would also conincide with the mid-long term support sstarted since the beginning of 2006, however it might take a few months to take it down to that level. There's a mid-term support around 90 and that will take some power to breach.
  • #105,947
  • Aug 6, 2008 10:28pm Aug 6, 2008 10:28pm
Quoting auslanco
USD Bull run is due for a major correction
The question is what is going to correct more. GU or UJ.
Que
  • #105,948
  • Aug 6, 2008 10:30pm Aug 6, 2008 10:30pm
Quoting auslanco
USD Bull run is due for a major correction
Hmmmmmm, maybe
A) Triple bottom, and back up to 77.
B) Continuation of range.
C) More bearish USD
  • #105,949
  • Aug 6, 2008 10:35pm Aug 6, 2008 10:35pm
Quoting Vfforexlee
I'm shorting this one.

the gj has a habit of selling off slightly during the asian session and then continuing the trend in UK session. The gbp interest rates are overnight / tomorrow morning for those of us on the West Coast of Canada
Blogging daily now at www.volume.zone
  • #105,950
  • Aug 6, 2008 10:42pm Aug 6, 2008 10:42pm
Quoting Que
The question is what is going to correct more. GU or UJ.

Crude Oil prices will highly influence the JPY correction.
GBP.. hmmm may be depends on Amy Winehouse
  • #105,951
  • Aug 6, 2008 11:03pm Aug 6, 2008 11:03pm
Quoting auslanco
Crude Oil prices will highly influence the JPY correction.
GBP.. hmmm may be depends on Amy Winehouse
http://www.tmz.com/2008/01/22/the-am...use-peep-show/
  • #105,952
  • Aug 6, 2008 11:13pm Aug 6, 2008 11:13pm
Quoting auslanco
Crude Oil prices will highly influence the JPY correction.
GBP.. hmmm may be depends on Amy Winehouse
ROFL. Either that or JK Rowling, We all know that 10% of UK's GDP is generated from those books, Who knows, when their economy starts contracting you might see their merchandise sales as the only thing holding the economy up
  • #105,953
  • Aug 6, 2008 11:41pm Aug 6, 2008 11:41pm
Techinally, all the /jpy pairs broke out of the down channel, including gbp/jpy, eur/jpy, nzd/jpy , and aud/jpy. So I guess I wonder if the /usd pairs are going to bring them up, or of UJ will. UJ also is at 50% retracement from downmove.
  • #105,954
  • Aug 6, 2008 11:55pm Aug 6, 2008 11:55pm
Quoting Piters
of course, you can't expect to FIT all book in 1 PAGE ??? That''s why I said, here is a CHEAT SHEET, only for breaf check.(you can''t say that something is wrong here??) And Yes, it is a THEORY, but lot of traders are using. If anyone is interested in deep knowleadge about EW, there is a plenty of books, tapes and seminars.
You neeed only to ""google It"".
I didn't meant to cause any trouble here I understood that the CHEAT SHEET was for reference only, is always good to have tools of the trade thanks Peters I realy apreciated, but no worries, be happy like in jamaica will said, happy trading and thanks again for all your teaching and posts here for me are realy apreciated
The Chonchy
  • #105,955
  • Aug 7, 2008 12:05am Aug 7, 2008 12:05am
Quoting chonchy
I didn't meant to cause any trouble here I understood that the CHEAT SHEET was for reference only, is always good to have tools of the trade thanks Peters I realy apreciated, but no worries, be happy like in jamaica will said, happy trading and thanks again for all your teaching and posts here for me are realy apreciated

all good
  • #105,956
  • Aug 7, 2008 12:08am Aug 7, 2008 12:08am
how weak the bears are. only are 38.3 fibo retrace ?
I was expecting more.

We make higher lows, and the hammer from tuesday will play out.

Target ema 365, which is ~ 216.200 on my chart.

Nice trading everybody
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  • #105,957
  • Aug 7, 2008 12:13am Aug 7, 2008 12:13am
Quoting auslanco
USD Bull run is due for a major correction

eur/usd has closed yesterday first time below ema 150. Its a long time ago, this was done before, in august 2007. On most pairs where usd is involved I see UDS bullish patterns.

lets see
  • #105,958
  • Aug 7, 2008 12:30am Aug 7, 2008 12:30am
Quoting auslanco
USD Bull run is due for a major correction
Hey Auslanco

do you use any other longer term settings on the fast stoch's other than (5 3 3)? I often find that swings around far too quickly for me to read much into the signals
  • #105,959
  • Aug 7, 2008 12:35am Aug 7, 2008 12:35am
Instinct telling me to sit this out we'll sit aside a while, we'll see what happens tomorrow.
  • #105,960
  • Aug 7, 2008 12:41am Aug 7, 2008 12:41am
Quoting auslanco
USD Bull run is due for a major correction
so we may see a drop on the london open, but not the big drop, or yes the big drop, drop like when lilmoe bring the crapperrrrrrrrrrrrrrrr
The Chonchy
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